BITCOIN - BTC/USD
BITCOIN - BTC/USD
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 15 min. - Technical analysis published on 09/05/2019 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 10,598.80 USD
My targets
10,815.89 USD (+1.62%)
11,047.51 USD (+3.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 10,598.80 USD. The buyers” bullish objective is set at 10,815.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,047.51 USD. If there is any crossing, the next objective would be the resistance located at 11,264.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MK. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The Bitcoin - BTC/USD price is 10,643.48 USD. The price has increased by +0.56% since the last closing and was traded between 10,457.69 USD and 10,666.17 USD over the period. The price is currently at +1.78% from its lowest and -0.21% from its highest.

10,457.69
10,666.17
10,643.48

The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 15 min. chart of Bitcoin - BTC/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes


MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 15 minutes


Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes


Long white line

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9,700.97 10,281.80 10,489.00 10,643.48 10,645.30 10,783.80 11,504.60
Change (%) -8.86% -3.40% -1.45% - +0.02% +1.32% +8.09%
Change -942.51 -361.68 -154.48 - +1.82 +140.32 +861.12
Level Intermediate Intermediate Minor - Minor Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,918.4710,150.0910,367.1810,598.8010,815.8911,047.5111,264.60
Camarilla10,460.8910,502.0210,543.1510,584.2810,625.4110,666.5410,707.68
Woodie9,911.2210,146.4610,359.9310,595.1710,808.6411,043.8811,257.35
Fibonacci10,150.0910,321.4910,427.3910,598.8010,770.2010,876.1011,047.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,720.688,521.499,061.979,862.7810,403.2611,204.0711,744.55
Camarilla9,233.599,356.549,479.499,602.449,725.399,848.349,971.30
Woodie7,590.518,456.418,931.809,797.7010,273.0911,138.9911,614.38
Fibonacci8,521.499,033.879,350.419,862.7810,375.1610,691.7011,204.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,498.547,410.438,506.4310,418.3211,514.3213,426.2114,522.21
Camarilla8,775.279,050.999,326.729,602.449,878.1610,153.8910,429.61
Woodie5,090.617,206.468,098.5010,214.3511,106.3913,222.2414,114.28
Fibonacci7,410.438,559.449,269.3010,418.3211,567.3312,277.1913,426.21

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.44
MACD (12,26,9): 4.0500
Directional Movement: 3.00
AROON (14): 0
DEMA (21): 10,585.44
Parabolic SAR (0,02-0,02-0,2): 10,457.69
Elder Ray (13): 46.54
Super Trend (3,10): 10,635.83
Zig ZAG (10): 10,622.11
VORTEX (21): 1.0300
Stochastique (14,3,5): 59.68
TEMA (21): 10,595.11
Williams %R (14): -10.39
Chande Momentum Oscillator (20): -17.91
Repulse (5,40,3): -0.4000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.12
MA7: 10,155.89
MA20: 10,203.70
MA50: 10,439.53
MA100: 10,192.58
MAexp7: 10,561.12
MAexp20: 10,581.95
MAexp50: 10,578.07
MAexp100: 10,571.17
Price / MA7: +4.80%
Price / MA20: +4.31%
Price / MA50: +1.95%
Price / MA100: +4.42%
Price / MAexp7: +0.78%
Price / MAexp20: +0.58%
Price / MAexp50: +0.62%
Price / MAexp100: +0.68%

This member declared not having a position on this financial instrument or a related financial instrument.

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